RTTN:Euro Weakens Against Most Majors Ahead Of European Manufacturing PMI
The euro edged lower against most of its major counterparts ahead of the release of the euro-area manufacturing purchasing managers' indexes for July. Meanwhile the shared currency held steady against the Swiss franc ahead of the data. As of 3:40 am ET, the euro was trading at 1.3240 against the US dollar, 0.8737 against the pound, 130.61 against the yen and 1.2320 against the Swiss franc.
At 3.45 am ET, Markit is set to release Italy's manufacturing PMI. The index is seen at 49.7 in July, up from 49.1 a month ago. Thereafter, final PMI data is due from France and Germany. Eurozone final PMI data is due at 4.00 am ET. Final manufacturing PMI is expected to match the flash reading of 50.1 in July.
